COOK - Hot Stocks: AFRM PLAY FIZZ rally on earnings; SUMO COOK drop
Affirm (NASDAQ:AFRM) led a list of earnings-inspired movers in Friday's pre-market trading. Shares of the buy-now, pay-later company jumped more than 20% in the wake of its quarterly results. Dave & Buster's (NASDAQ:PLAY) and National Beverage (NASDAQ:FIZZ) also advanced in pre-market action following the release of their financial figures. On the other side of the ledger, poorly received earnings news sparked a pre-market decline in shares of Sumo Logic (NASDAQ:SUMO) and Traeger Inc. (NYSE:COOK). Gainers Affirm (AFRM) recorded a wider-than-expected loss for its latest quarter. However, revenue topped projections, rising 71% from last year. The company also issued upbeat guidance, predicting 2022 revenue of $1.16B-$1.19B. For the current quarter, AFRM forecast a top-line figure between $240M and $250M, compared to analysts' consensus of about $232M. Fueled by the strong revenue growth and sturdy forecast, AFFRM soared more than 22% in pre-market action. Quarterly results also sparked a pre-market rally in
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Hot Stocks: AFRM, PLAY, FIZZ rally on earnings; SUMO, COOK drop